ETF Focus

More Funds Arrive, but Why?

Fidelity and JPMorgan ramp up their exchange-traded offerings, but neither seems to break any new ground.

A number of old-line fund companies that were late to the ETF party are knocking ardently at the door.

Last week, it was mutual-fund giant and ex-exchange-traded-fund wallflower Fidelity Investments with 10 new sector ETFs. A few days before, JPMorgan Asset Management unveiled fresh plans for ETFs, including some of the actively managed variety. More choice, hotter competition: Who can complain? Then again, investors already are...